American Eagle meets Wall St. view for Q2 earnings

MichaelBaron

American Eagle Outfitters
aeos
is reporting second-quarter earnings of $10.1 million, or 14 cents a share, down from its year-ago profit of $15.3 million, or 21 cents a share, and in line with the average estimate of analysts polled by Thomson Financial/First Call. Sales rose 9.2 percent in the latest three months to $319.2 million from $292.4 million in the same period a year earlier. Consolidated same-store sales slid 5.5 percent in the quarter. The Warrendale, Pa., casual apparel retailer said sales from its Bluenotes/Thriftys operation totaled $18.8 million in the period. The stock closed Wednesday at $16.15, up 2.9 percent.

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